Is this the next eastern suburbs growth area?

Your property has appreciated in the last few years.  But, how does that help you when everyone else’s has too?

The trick is to buy property that out-performs the rest of the market.  We all should have bought in Chippendale 5 years ago, Redfern and Surry Hills 15 years ago, and of course Bondi 30 years ago.  But how do you pick the next big thing?

How about Rose Bay? Not the harbour front bit, but not far off.  The small strip of shops in Old South Head Road, Rose Bay has always been a bit sleepy.  A few shops, a couple of cafes, a petrol station. Being close to the beach, harbour and relatively central, it’s always been popular, but lagged a bit behind the harbour side and Bondi Beach.  That could all be about to change.

This strip of Rose Bay is soon to be transformed by at least 4 major developments consisting of multi million dollar apartments, significant large and small retail (think cafes, restaurants, lifestyle) and, importantly, public parking.

Specifically, the developments include:

  • The Hampton (corner Old South Head Road and Hamilton Street) – 21 x 1, 2 and 3 bedroom apartments + quality street front retail – under construction
  • Paloma (corner Old South Head Road and Hamilton Street) – 19 apartments + large retail anchor tenant  – under construction
  • Corner Old South Head and Dover Roads – approx 20 apartments + retail currently at DA stage
  • 503 old South Head Road – 8 apartments + retail – DA approved

Take a look at 9 Roberts Street, Rose Bay  A single level 3 bedroom free standing home sitting on 315sqm of level land with large level backyard in an ultra quiet street just around the corner from the Rose Bay strip.  It’s going to sell for the price of a semi, but has so much more.

It provides a comfortable lifestyle as is but has enormous potential to add onto or redevelop into a much larger home.

A great proposition at any time, at this point in time, it could be a very smart buy.

If you’d like to know more, about 9 Roberts Street or anything else in the blog, contact Alex Hart on 0418 245 018.

9 Roberts Street, Rose Bay


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